HSBC Subsidiary's Dividend

HSBC Hldgs PLC
8 February 2001


The following text is the English translation of a news
release issued in Germany by HSBC Holdings plc's
subsidiary.



    HSBC TRINKAUS & BURKHARDT KGaA INCREASES DIVIDEND

HSBC Trinkaus & Burkhardt KGaA, which is 73.5 per cent
indirectly owned by HSBC Holdings plc, will recommend at
its Annual General Meeting on 12 June 2001 that the
dividend for the year ended 31 December 2000 is EUR1.75
per share, an increase of EUR0.25 compared to the dividend
of EUR1.50 per share for 1999. In addition, a special
dividend of EUR0.50 per share will be proposed.

The proposed increase in the dividend to EUR1.75 per share
reflects the bank's good performance for the year. The
additional special dividend of EUR0.50 per share is
proposed in order that shareholders participate in the
exceptional profit resulting from the consolidation of
the bank's own pension investment funds in accordance
with changes in accounting standards.